SOLE® Financial provides payroll card solution to Mama Fu’s, a restaurant chain in need of 100% direct deposit payroll.
SOLE Financial is a leader in the payroll card industry that has provided its services to Mama Fu’s, an Asian eatery concept restaurant with 25 locations with over 300 employees who have switched from paper checks to SOLE® VISA® payroll cards. By deploying payroll cards to their employees Mama Fu’s was able to reduce the time and cost by removing the need to process paper checks.
Businesses, like Mama Fu’s, that have multiple locations face many challenges presented by distributing paper payroll checks. The time it takes to distribute paper checks is just the beginning of the challenges that paper checks present. Mailing checks out to employees presented the problem of paper checks being lost in the mail. Another issue Mama Fu’s faced was their accounting team being tied up and spending large amounts of time processing paper checks. Mama Fu’s faced all these issues surrounding paper checks, but SOLE Payroll cards allowed their accounting team to free up time so they can work on other projects and allowed their employees to get paid on time.
Many businesses in the U.S. are very similar to Mama Fu’s. They have multiple locations in multiple states, so they’re too big to simply hand out paper checks to every employee every pay period. Mama Fu’s payroll team’s old solution was to mail out their paper checks, which presented a lot of issues that would delay the delivery of paper checks; lost checks, outdated or wrong addresses employee addresses, inclement weather, or holiday weekends. Direct deposit through payroll cards eliminate all those issues.
“From our employee user experience, we always receive positive feedback regarding user interface,” said Georgianna Patterson HR Generalist for Mama Fu’s regarding SOLE Payroll Cards. “The ease of use to the excellent customer service, we would highly recommend SOLE paycards. With the customer service alone, we would recommend, as our issues are resolved quickly and correctly.”
About SOLE Financial:
SOLE Financial is a rapidly growing company in the payroll card marketplace. Since 2010, SOLE’s topline revenue has increased by 346% while its active funded cardbase has increased by 394%. SOLE serves over 3000 employer clients nationally. SOLE Financial aims to serve the underserved by providing a low-cost alternative to predatory check-cashing services for un- and underbanked employees. By partnering with employers to achieve 100% direct deposit, SOLE saves employers time, paper and money while providing the convenience and dignity of traditional banking services to the unbanked workforce. SOLE Paycard holders can access their hard-earned paycheck at no cost through point-of-sale and cashback transactions.
About Mama Fu’s:
Mama Fu's is an Austin-based restaurant concept specializing in fresh and innovative Asian cuisine. They currently have 20 restaurants in Central Texas, San Antonio, and Houston, with an additional 5 locations outside of our home market. They have an exciting growth plan and expect to double in size over the next 18 months, including multiple upcoming openings in Dubai. Our passion is fresh, healthy and made to order food, nourishing our communities we serve.
The SOLE® Visa® Payroll Card is issued by Axiom Bank, member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.